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ICON

Icon Energy Corp
CIK 0001995574 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
95.2
composite ยท 3 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2025-12-31 ยท TRIGGERED100.0

Earnings quality

Beneish M-Score 30.87 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-02-24) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": 30.869,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 1,
    "AQI": 0.75,
    "SGI": 38.86,
    "DEPI": 0.768,
    "SGAI": 1,
    "LVGI": 0.678,
    "TATA": -0.085
  },
  "defaulted_to_neutral": [
    "DSRI",
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": -0.1145,
  "inputs": {
    "revenue_t": 1671000,
    "revenue_t1": 43000,
    "total_assets_t": 58444000,
    "net_income_t": -4197000,
    "cfo_t": 799000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1995574/000114036126006582/0001140361-26-006582-index.htm",
    "form": "20-F",
    "filed": "2026-02-24"
  }
}
P-12 ยท FY 2025-12-31 ยท TRIGGERED100.0

Restatement predictor

F-Score 53.76 โ€” misstatement risk 53.8x the base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-02-24) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 53.758,
  "probability": 0.19891,
  "components": {
    "rsst": -0.1145,
    "drec": 0.0064,
    "dinv": 0.0041,
    "soft": 0.0564,
    "dcs": 31.3953,
    "droa": -0.0645,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1995574/000114036126006582/0001140361-26-006582-index.htm",
    "form": "20-F",
    "filed": "2026-02-24"
  }
}
P-13 ยท FY 2025-12-31 ยท ELEVATED63.8

Zombie / distress

Interest coverage 0.05x below 1.0
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-02-24) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": 0.047,
    "2024-12-31": 0.376,
    "2023-12-31": 368.333,
    "2022-12-31": 1406
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": 0.449,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 180000,
    "interest_expense_t": 3812000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1995574/000114036126006582/0001140361-26-006582-index.htm",
    "form": "20-F",
    "filed": "2026-02-24"
  }
}